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28. November 2016

Napasol AG of Switzerland Consolidates Its Worldwide Pasteurization Equipment
Sales Activity by Acquiring Its North American Licensee

Napasol AG of Switzerland acquires its licensee Napasol North America LLC (NNA) of Fargo, ND,
which commercializes pasteurization equipment to the nut, seeds, and spices industry. The North
Dakota Company has been developing the US market selling the Napasol pasteurization technology
since 2013 and has implemented several large projects in ND, Oregon, and California.

The Napasol technology licensed to NNA has applications in the
pasteurization and sterilization of low moisture foods such as nuts, seeds, herbs and spices. These commodities have come under the scrutiny of health regulators and the food industry
because of risks associated with food-borne pathogens as Salmonella, E. coli and Listeria monocytogenes. There is a huge cost to companies, brands, and entire product categories
because of the fallout from food borne illness outbreaks and product recalls due to these pathogens. The interest in the Napasol pasteurization technology is further emphasized by the
implementation of regulatory changes linked to the Food Safety Modernization Act imposing on the food industry preventative controls to insure the supply of safe food.

Dr Ivarsson, CEO of NNA, affirms that“the Napasol technology has demonstrated to be the most effective on
the market for pasteurizing low moisture foods and has been validated to FDA pasteurization standards over a wide range of nuts and seeds.”She adds “because it uses dry saturated steam at relatively low temperatures the
process preserves the organoleptic and nutritional qualities of these raw natural commodities.”

Dieter Kundig, president of parent company Napasol AG, says that “acquiring
NNA will allow bringing the technology under a single umbrella thus incorporating the North American operation into the worldwide activity of the company.” NNA will continue as the
entity overseeing the North American operations. Kundig explains further that “although several projects in the Midwest and neighboring Canada are in the pipe line, in particular for
the pasteurization of seeds, currently the largest market for the Napasol technology is in the nut industry. NNA is starting up three very large projects in November and December in
the walnut industry in California and relocating the NNA headquarters to Pasadena CA which will allow closer proximity to customers in this key nut industry market. The new Pasadena
headquarters will be ideal to take advantage of the growing opportunities for the pasteurization of nuts in California and will provide a home base for developing sales throughout the
North American market."

Napasol AG is a Swiss company that sells pasteurization installations for
the treatment of low moisture foods such as nuts, seeds, spices, herbs, botanicals and other dry ingredients. It is active worldwide through its affiliates Napasol North America in
Pasadena CA, Napasol Servizzi Tecnici in Spresiano, Italy and Napasol Asia in Honk Kong. Testing facilities are available for test trials and application development, and visits to
customer facilities can be arranged on a case by case basis. For more information regarding our range of custom designed plants visit the Napasol website.